The Gross Domestic Product (GDP) in Moldova contracted 2.30 percent in the second quarter of 2022 over the previous quarter. source: National Bureau of Statistics of the Republic of Moldova

GDP Growth Rate in Moldova averaged 0.72 percent from 1995 until 2022, reaching an all time high of 10.50 percent in the first quarter of 2021 and a record low of -8.20 percent in the second quarter of 2020. This page provides the latest reported value for - Moldova GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Moldova GDP Growth Rate - values, historical data and charts - was last updated on September of 2022.

GDP Growth Rate in Moldova is expected to be -1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Moldova GDP Growth Rate is projected to trend around 0.60 percent in 2023, according to our econometric models.

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Moldova GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate -2.30 -6.40 percent Jun 2022
GDP Annual Growth Rate -0.90 1.10 percent Jun 2022
Gross Fixed Capital Formation 15420571.00 12081383.00 MDL Thousand Jun 2022
GDP Constant Prices 241870520.00 199733684.00 MDL Thousand Dec 2021

Moldova GDP Growth Rate
Moldova’s economy is dependent on remittances (around 24 percent of GDP) which mostly benefit construction and trade sectors. Historically, the largest industries in Moldova have been manufacturing industry, agriculture and food processing, textile, apparel and footwear while the ICT sector is a rather new and fast growing sector. On the expenditure side, household consumption is the main component of GDP and accounts for 94 percent of its total use, followed by gross fixed capital formation (23 percent) and government expenditure (18 percent). Exports of goods and services account for 43 percent while imports account for 81 percent, subtracting 37 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
-2.30 -6.40 10.50 -8.20 1995 - 2022 percent Quarterly